{"id":6342,"date":"2010-01-28T12:42:42","date_gmt":"2010-01-28T17:42:42","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=6342"},"modified":"2010-01-28T12:42:42","modified_gmt":"2010-01-28T17:42:42","slug":"audusd-trades-off-session-highs-following-mixed-u-s-data","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/01\/28\/audusd-trades-off-session-highs-following-mixed-u-s-data\/","title":{"rendered":"AUD\/USD Trades off Session Highs Following Mixed U.S. Data"},"content":{"rendered":"

By Fast Brokers<\/strong> – The AUD\/USD posted a solid rally earlier today after dropping below our 1st tier uptrend line.\u00a0 The FX market experienced a broad-based risk rally fueled by a positive reaction to Obama\u2019s State of the Union.\u00a0 Asia equity markets charged higher, a positive sign for the Aussie since China\u2019s equities have been on a losing streak since the financial industry began tightening liquidity.\u00a0 However, the Dollar is appreciating again after U.S. weekly Unemployment Claims printed higher than analyst expectations.\u00a0 Furthermore, Durable Goods Orders came in weak as well.\u00a0 However, the Core DGO data surpassed analyst expectations, showing consumption ex-auto has picked up.\u00a0 Regardless, econ data this week has been altogether mixed with a negative tint, creating a downward drag on most major Dollar pairs and the AUD\/USD is no exception.\u00a0 Meanwhile, investors are preparing for tomorrow\u2019s U.S. Advance GDP data release.\u00a0 The GDP number will top off a wild week and volatility should remain at a heightened state.\u00a0 Australia will be absent from the data wire for the remainder of the week, meaning the AUD\/USD\u2019s behavior should remain in the hands of broad-based activity in the Dollar along with any further news from China regarding liquidity.<\/p>\n

Technically speaking, the AUD\/USD is currently fighting to stay above our 3rd tier uptrend line with our 1st and 2nd tier hanging below.\u00a0 Additionally, previous January lows and the psychological .8900 level should serve as technical cushions should they be reached.\u00a0 As for the topside, the AUD\/USD faces multiple downtrend lines along with 1\/28 and 1\/26 highs serving as technical barriers.\u00a0 Furthermore, the .9000 area could continue to serve as a psychological force over the near-term.<\/p>\n

Price: .8990<\/p>\n

Resistances:\u00a0\u00a0 .8995, .9005, .9019, .9030, .9042, .9056<\/p>\n

Supports: .8982, .8972, .8960, .8950, .8940<\/p>\n

Psychological: .90, January highs and lows<\/p>\n

\"\"<\/a><\/p>\n

Market Commentary<\/strong><\/em> provided by Fast Brokers<\/strong>.<\/a><\/p>\n

Disclaimer:<\/strong> FastBrokers\u2019 market commentary is provided for information purposes only and under no circumstances should be regardedneither as an investment advice nor as a solicitation or an offer to sell\/buy any financial product. FastBrokers assumes no responsibility or liability from gains or losses incurred by the information herein contained.<\/p>\n

Risk Disclosure:<\/strong> There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Fast Brokers – The AUD\/USD posted a solid rally earlier today after dropping below our 1st tier uptrend line.\u00a0 The FX market experienced a broad-based risk rally fueled by a positive reaction to Obama\u2019s State of the Union.\u00a0 Asia equity markets charged higher, a positive sign for the Aussie since China\u2019s equities have been … <\/p>\n

Continue reading “AUD\/USD Trades off Session Highs Following Mixed U.S. Data”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6342","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=6342"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/6342\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=6342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=6342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=6342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}